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    OFF-MARKET Estimated value $635,000
    Medical Office Space

    609 6th Ct, Panama City, FL 32401-3605

    5,247 SF 0.24 ac lot Built 2020
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US18-4223150
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 5,247 square foot, single-story medical office building constructed in 2020, located at 609 E 6th Court, Panama City, FL 32401. The property sits on a 46,173.6 square foot lot and is currently 100% leased to reputable tenants with reliable lease agreements. The building boasts a contemporary design and features two mirrored sides, maximizing functionality and workflow. Ample parking is available for staff and patients. Its strategic location offers easy access to major highways 231, 77, and 98, ensuring convenient transportation. The asking price is $1,400,000. The property includes four parcels: 20364-000-000, 20365-000-000, 20366-000-000, and 20367-000-000. Approximately 2,400 square feet of space could become available relatively quickly if needed. This prime location in a major medical hub provides both immediate rental income and significant long-term appreciation potential, making it an ideal investment for discerning buyers seeking a stable and profitable asset. The property's proximity to Ascension Sacred Heart Hospital further enhances its desirability and value.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2020
    Total area 5,247 SF
    Lot 0.24 ac (10,498 SF)
    Zoning code PC04
    APN 20365-000-000
    UPID US18-4223150
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Divine Soul Esthetics Spa & Massage Center Skin Care Clinic
    • Juvenate Health and Wellness - Panama City Hair Replacement Service Men'S Health Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $758k
    Blend (final) Blend
    $635k
    Owner & transaction history
    Moonlighting Time INC · 7 yrs held
    Moonlighting Time INC
    since 2019
    3 recorded transactions
    2019
    2018
    1999
    $28,571
    Zoning & alternative use
    PC04 · Panama City, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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